Auckland Waterfront loses decontamination battle

LAURA WALTERS
Last updated 10:27 12/02/2014

Relevant offers

Industries

Fletcher Building steel sale gets OK Inflation nudges down Intueri launches IPO More unregistered car selling convictions Business briefs: Chorus connects Critics slam Labour truck proposal What you need to know today 'Officials ignore local investors' Helicopter row flies to court Crown bid to amend charge dismissed

The Auckland Waterfront Development Agency has lost its bid for Mobil to pay for the $10 million decontamination of land once used for petrol storage next to Wynyard Quarter.

Auckland Waterfront claimed its tenancy agreement with Mobil required the petroleum giant to leave the site clean, tidy and free from contamination.

However, a judgement delivered by the High Court at Auckland found Auckland Waterfront's claims to be "commercially unrealistic".

Part of the property Auckland Waterfront was redeveloping for mixed residential and commercial use was leased by Mobil from the 1920s until 2011, and was used to store petroleum.

The court said Mobil was entitled to a yet-undecided amount in costs after Auckland Waterfront's case "failed in its entirety".

Ad Feedback

- © Fairfax NZ News

Comments

Special offers

Featured Promotions

Sponsored Content